Organised by the Australian Bureau of Statistics
Updated 22 May 2014.
There are five reference documents for this workshop:
- Reference document 1 - Calculation of higher level indices - a practical guide;
- Reference document 2 - 'Why Lowe when Young and Laspeyres are available'?;
- Reference document 3 - Using HFCE data as weights in the ABS CPI.
The workshop will examine the various higher-level price index formulas used to compile the CPI, including more recently developed approaches including the geometric formula proposed by the IMF. The workshop will also examine approaches to minimise substitution bias in the CPI, particularly in the case when traditional weighting data from household expenditure surveys are available infrequently. A range of country practices and experiences will be presented along with opportunities for discussion of participant's topics.
Marcel van Kints
Australia Australian Bureau of Statistics